Skatteministeriet Due Diligence

Run due diligence on Skatteministeriet: check compliance and get alerts when suppliers or ownership change.

Denmark · owned by Government of Denmark (Denmark) · skm.dk · 41 vendors

The Danish Ministry of Taxation is responsible for securing the foundation for financing the public sector. The ministry oversees tax policy, administration, and various agencies including the Tax Agency, Customs Agency, and Debt Recovery Agency.

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Last updated 2026-09-18 · revision 46

41 direct vendors, 285 subvendors

Direct vendors by controlling owner country (sample)

Subvendors by controlling owner country (sample)

Compliance

8 in-scope frameworks identified; showing 3.

Reporting Act — No public evidence

This Act mandates that third parties (employers, banks, etc.) report tax-relevant information to the tax authorities. Skatteministeriet is the recipient of this data and is responsible for the system's administration.

Evidence: https://www.taxand.com/our-thinking/new-danish-tax-control-act/, https://info.skat.dk/data.aspx?oid=54256, https://info.skat.dk/data.aspx?oid=2298884, https://info.skat.dk/data.aspx?oid=2298870, https://info.skat.dk/data.aspx?oid=2298883, https://taxation-customs.ec.europa.eu/taxation/tax-transparency-cooperation/administrative-co-operation-and-mutual-assistance/directive-administrative-cooperation-dac_en

GDPR (source) — Evidence found

Skatteministeriet is a public authority established in Denmark, an EU member state. It processes vast amounts of personal data, making it directly subject to the GDPR and the Danish Data Protection Act.

Evidence: https://www.datatilsynet.dk/presse-og-nyheder/nyhedsarkiv/2025/okt/datatilsynet-udtaler-alvorlig-kritik-af-skatteforvaltningens-haandtering-af-indsigtsanmodninger, https://svmn.dk/privatlivspolitik, https://sktst.dk/privatlivspolitik, https://itti.dk/privatlivspolitik, https://vurdst.dk/privatlivspolitik, https://skatteforvaltningen.dk/privatlivspolitik

DAC — No public evidence

The DAC mandates cooperation and information exchange between EU tax authorities. Skatteministeriet, as Denmark's national tax authority, is the designated body for implementing these exchanges.

Evidence: https://taxation-customs.ec.europa.eu/taxation/tax-transparency-cooperation/administrative-co-operation-and-mutual-assistance/directive-administrative-cooperation-dac_en, https://eclear.com/understanding-the-directive-on-administrative-cooperation-dac/, https://www.islagroup.org/regulation-and-policy/directive-on-administrative-cooperation-dac/, https://www.ibfd.org/news/dac9-implemented-danish-law, https://taxation-customs.ec.europa.eu/taxation/tax-transparency-cooperation/administrative-co-operation-and-mutual-assistance/dac7_en

Financials

Three-year financials

Financial Resilience Score: 9/10

Skatteministeriet (now Skatte- og Vækstministeriet) is a Danish central government ministry funded through parliamentary appropriations under the Finance Act (Finansloven, § 09). As a sovereign-backed entity, it carries essentially zero default risk, and its funding is guaranteed by the Danish state. The 2023-2027 multi-year agreement (flerårsaftale) provides medium-term budget certainty, with FY 2025 appropriations of DKK 11.89B (+3.5% vs 2024). The ministry maintains a substantial retained surplus buffer of DKK 809.0M at year-end 2025 (down from DKK 890.8M at start of year), which comfortably absorbs the pre-planned DKK 81.8M deficit in 2025. Equity stands at DKK 914.2M with a healthy balance sheet of DKK 9.24B. Loan-frame utilization is moderate at 85.2%, indicating available borrowing capacity. Operational performance is strong, with more than 70,000 follow-up tax audits generating DKK 18.2B in net revenue in 2025. However, several risks warrant attention: (1) declining budget frames from 2026 onward, with FTE headcount planned to drop from 11,110 to 10,571; (2) significant non-collectable debt at Gældsstyrelsen (book value DKK 3.5B vs nominal DKK 16.6B); (3) approximately DKK 1.0B annual spending on the dividend-tax fraud litigation; (4) wage spending exceeded the wage-cap by DKK 159.8M in 2025; and (5) historical IT project execution risk. Overall, sovereign backing and buffer reserves make this an exceptionally resilient entity despite operational challenges.

Key strengths: Sovereign-backed funding through Danish Finance Act (Finansloven), Retained surplus buffer of DKK 809.0M at year-end 2025, 2023-2027 multi-year agreement provides budget certainty, Positive equity of DKK 914.2M, Strong operational performance: DKK 18.2B net revenue from 70,000+ tax audits, Moderate loan-frame utilization at 85.2%, Significant IT asset base (DKK 6.35B intangible assets)

Risk factors: Declining budget frames from 2026 onward, Planned FTE reduction from 11,110 to 10,571 in 2026, Non-collectable debt at Gældsstyrelsen (DKK 3.5B book vs DKK 16.6B nominal), ~DKK 1.0B annual litigation spend on dividend-tax fraud case, Wage cap exceeded by DKK 159.8M in 2025, Contingent liabilities of ~DKK 212M at year-end 2025, Historical IT project execution challenges (property valuation, debt collection), Two consecutive years of deficits (2024: DKK 184.0M, 2025: DKK 81.8M)

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